350 Quality Ave NLakelandMN55043
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lakeland at 350 Quality Ave N, Lakeland, MN, 55043 uses $132,600 cash to close to unlock $1,716/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $2,641/mo, and a $1,958/mo payment keeps the spread at $143/mo. Purchase price stands at $400,000, and rental yield measures 7.92% with $2,641/mo rent. Return on cash invested shows 21.2% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 109.84% and total cumulative return in cash records $145,648. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,641/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55043, Lakeland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,527 (100%) |
| Owner Occupied HU | 1,296 (84.9%) |
| Renter Occupied HU | 144 ( 9.4%) |
| Vacant Housing Units | 87 ( 5.7%) |
| Median Home Value | $463,103 |
| Average Home Value | $608,632 |
Housing Distribution
Address Breakdown
Residential
1,479
Single Family
1,479
Multi-Family
0
Businesses
132
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